News

Saks satisfies foot fetish in Connecticut
Saks Fifth Avenue is putting its best foot forward in a hot category.

The retailer plans to open its first-ever stand-alone 10022-SHOE store in Greenwich, Conn. Expected to open in fall 2016, the new 14,000 square-foot location at 20 East Elm Street will be dedicated to women’s footwear and will be just a short distance from the existing Saks Fifth Avenue location in downtown Greenwich.
Report: American Express sued for misleading investors about Costco
New York -- American Express Co and Costco Wholesale Corp. are at it again.

A lawsuit has been filed accusing American Express of misleading investors about the loss of its contract with Costco after having failed to reveal how significant that business had become to the credit-card company, Reuters reported.

Posiflex Solution Spotlight
ModCloth makes the leap

New York -- Another retailer is going from clicks to bricks.
Instagram commerce is about to explode

Facebook is preparing to make a change on Instagram that will have a big impact on social shopping and retailers.
Seven Ways to Fight E-commerce Fraud

For the first time in history, business and consumers can be robbed and conned by strangers who are thousands of miles away and nearly impossible to catch. The e-commerce ecosystem is clearly struggling to cope with all the new and multiplying forms of fraud.
Skechers running fast

Manhattan Beach, Calif. – Skechers USA Inc., which recently passed Adidas to become the number two athletic footwear brand in the United States, is on the fast track.

The company, whose second quarter sales beat estimates, has carved out a lucrative niche in casual athletic footwear and in kids’ athletic footwear. It is in expansion mode, with plans to open 125 to 135 company-owned and third-party-owned stores later this year.
Longtime Kroger executive to step down

The Kroger Co.’s first female corporate officer is retiring.
7-Eleven to open in Vietnam

Dallas - 7-Eleven Inc. is taking its business to Vietnam.

The company has signed a master franchise agreement with Seven System Vietnam Co. Ltd. to develop and operate 7-Eleven stores in Vietnam, with the first stores expected to open in 2017. Seven Systems plans to construct 7-Eleven stores, convert existing locations to the 7-Eleven brand supported by enhanced infrastructure, and eventually franchise operations to local businesspeople.
Skechers aims to sprint past competition

Skechers USA Inc., which recently passed Adidas to become the number two athletic footwear brand in the United States, is on the fast track.

The company, whose second quarter sales beat estimates, has carved out a lucrative niche in casual athletic footwear and in kids’ athletic footwear. It is in expansion mode, with plans to open 125 to 135 company-owned and third-party-owned stores later this year.